On July 27th, Beijing time, according to CNBC, the US Department of Justice passed the T-Mobile acquisition of Sprint, and the transaction price was set at US$26.5 billion.
The conclusion of this transaction also means that the number of large operators in the United States has dropped from 4 to 3, leaving only Verizon, AT&T and T-Mobile.
For antitrust reasons, the US Department of Justice requires T-Mobile and Sprint to divest some of its assets, including Sprint's Boost Mobile, Virgin Mobile and other prepaid phone services, as well as some of Sprint's wireless spectrum, for $5 billion to sell to satellite TV. Giant Dish Network.
At the same time, T-Mobile will need to provide Dish Network with at least 20,000 base stations and hundreds of retail stores, and allow the latter to use the T-Mobile network within 7 years.
Makan Delrahim, head of the antitrust department of the US Department of Justice, said: “Without these remedies, the merger will seriously damage competition. Getting citizens to get fast, reliable and affordable wireless connectivity is critical to our economy, every consumer and their way of life. ”
Del Rahim believes that the supplemental agreement will ensure that the Dish Network becomes a “subversive force in the wireless arena”. T-Mobile and Sprint said that it is expected that the regulator will formally approve the acquisition in the third quarter and plans to complete the transaction in the second half of this year.